The BNDES’ policy to raise funds through international financing entities, as a fundamental purpose, comprises funding for credit operations, aiming at maintaining balanced foreign indebtedness in terms of currency, terms and interest rates.

The Bank’s first fundraising operation with multilateral entities and international governmental agencies dates back to 1953, one year after the founding of the BNDES. Since then, the Bank has maintained a long-lasting relationship with solid institutions, which lend part of their resources to the BNDES to carry out its mission. The resources raised in this type of operation finance projects in Brazil that are of common interest to the BNDES and to the institution supplying said resources, with the aim of achieving its institutional goals.

The kinds of foreign agents that trust their resources to the BNDES is an illustration of the Bank’s reputation in the international scenario. Currently, the BNDES has active operations with the following institutions: Inter-American Development Bank (IDB); Kreditanstalt für Wiederaufbau (KfW); Japan Bank for International Cooperation (JBIC), international arm of the Japan Finance Corporation; Nordic Investment Bank (NIB); and China Development Bank (CDB).

Institutional relations

In addition to foreign fundraising with multilateral entities and fomentation agencies, the BNDES operates together with international institutions aiming at reinforcing and expanding relations, as well as identifying cooperation opportunities in several areas.

In this sense, the Bank plays an active role in forums, training sessions and lectures, in Brazil and abroad, both as a guest and an organizer of such events. In general, partnerships with foreign institutions are formalized by signing instruments that affirm the will to mutually cooperate in areas of common interest.

Partnerships result in the exchange of experiences and knowledge that, in addition to fostering good practices, contribute to advancing the discussion on development in Brazil and around the world.

Also visit

• Foreign Fundraising on the International Market
• Sources of Funding